AASC HOUSING I INC: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: AASC HOUSING I INC (EIN 92-0161891)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2012-03-02
IRS object ID: 201240629349300434
Schema version: 2010v3.4
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-03-02T08:46:28-06:00	Timestamp
Tax Period End Date	2011-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SRAMEK-HIGHTOWER CPAS PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	2525 C STREET SUITE 100	AddressLine1
City	ANCHORAGE	City
State	AK	State
ZIP Code	99503	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	920161891	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	AASC HOUSING I INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	AASC	NameControl
Phone	9076778490	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	480 W TUDOR ROAD	AddressLine1
City	ANCHORAGE	City
State	AK	State
ZIP Code	99503	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	WILLIAM INSCHO	Name
Title	PRESIDENT	Title
Phone	9076778490	Phone
Date Signed	2011-12-15	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	RODNEY J HUTCHINGS CPA	Name
Phone	9075636722	Phone
Date Prepared	2012-03-02	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Address Change	X	AddressChange
Name Of Principal Officer Person	WILLIAM INSCHO II	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 202222	AddressLine1
City	ANCHORAGE	City
State	AK	State
ZIP Code	99520	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	61220	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1998	YearFormation
State Legal Domicile	AK	StateLegalDomicile
Activity Or Mission Description	TO CONSTRUCT AND MANAGE AFFORDABLE HOUSING FOR LOW-INCOME AND DISABLED PERSONS.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	7	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	7	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	11566	ProgramServiceRevenuePriorYear
Program Service Revenue CY	61125	ProgramServiceRevenueCY
Investment Income Prior Year	171	InvestmentIncomePriorYear
Investment Income Current Year	95	InvestmentIncomeCurrentYear
Other Revenue Prior Year	40424	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	52161	TotalRevenuePriorYear
Total Revenue Current Year	61220	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	111391	OtherExpensePriorYear
Other Expenses Current Year	116668	OtherExpensesCurrentYear
Total Expenses Prior Year	111391	TotalExpensesPriorYear
Total Expenses Current Year	116668	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-59230	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-55448	RevenuesLessExpensesCY
Total Assets BOY	914242	TotalAssetsBOY
Total Assets EOY	856823	TotalAssetsEOY
Total Liabilities BOY	1226486	TotalLiabilitiesBOY
Total Liabilities EOY	1224515	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	-312244	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	-367692	NetAssetsOrFundBalancesEOY
Mission Description	TO CONSTRUCT AND MANAGE AFFORDABLE HOUSING FOR LOW-INCOME AND DISABLED PERSONS.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	116668	Expense
Description	PROVIDE QUALITY AFFORDABLE HOUSING TO LOW-INCOME AND DISABLED PERSONS LOCATED IN ANCHORAGE, ALASKA.	Description
Total Program Service Expense	116668	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	false	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	false	ComplianceWithBackupWitholding
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	7	NbrVotingGoverningBodyMembers
Number Independent Voting Members	7	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	NEIGHBORWORKS ANCHORAGE	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	9076778490	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	480 W TUDOR ROAD	AddressLine1
City	ANCHORAGE	City
State	AK	State
ZIP Code	99503	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
WILLIAM INSCHO II
PRESIDENT	5.00	X	X	0	0	0
MATT JONES
VICE PRESIDE	2.00	X	X	0	0	0
SHANNON WILKS
SECRETARY/TR	2.00	X	X	0	0	0
GWENDOLYN LEE
DIRECTOR	1.00	X		0	0	0
JAN C HOOD
DIRECTOR	1.00	X		0	0	0
TINEKA WILLIAMS
DIRECTOR	1.00	X		0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	LOW INCOME HOUSING	Description
Total Revenue Column	61125	TotalRevenueColumn
Exclusion	$61,125	ExclusionAmount

Field	Value	IRS element (for citing)
Total Program Service Revenue	61125	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	95	TotalRevenueColumn
Related Or Exempt Function Income	95	RelatedOrExemptFunctionIncome

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	61220	TotalRevenueColumn
Related Or Exempt Function Income	95	RelatedOrExemptFunctionIncome
Exclusion	$61,125	ExclusionAmount

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	7045	Total
Program Services	7045	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	28492	Total
Program Services	28492	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	37197	Total
Program Services	37197	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
CLEANING / MAINTENANCE	20111	20111
MANAGEMENT FEES	13629	13629
OFFICE EXPENSES	9980	9980
TRAINING & DEVELOPMENT	214	214

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	116668	Total
Program Services	116668	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	1931	BOY
EOY	2637	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	1305	BOY
EOY	904	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	3976	BOY
EOY	3939	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	1263799	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	446364	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	854632	BOY
EOY	817435	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	52398	BOY
EOY	31908	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	914242	BOY
EOY	856823	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	7967	BOY
EOY	5203	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	1214900	BOY
EOY	1214900	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	3619	BOY
EOY	4412	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1226486	BOY
EOY	1224515	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	-312244	BOY
EOY	-367692	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	-312244	BOY
EOY	-367692	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	914242	BOY
EOY	856823	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-55448	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	19131	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	23763	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	15798	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	11566	CurrentTaxYearMinus1Year
Total	70258	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	19131	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	23763	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	15798	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	11566	CurrentTaxYearMinus1Year
Total	70258	Total

Field	Value	IRS element (for citing)
Public Support Total170	70258	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1464	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1183	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	445	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	171	CurrentTaxYearMinus1Year
Current Tax Year	61125	CurrentTaxYear
Total	64388	Total

Field	Value	IRS element (for citing)
Total Support	134646	TotalSupport
Gross Receipts From Admissions Etc	95	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.52180	PublicSupportPertcentage170
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	147855	OtherCostOrOtherBasis
Book Value	147855	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1115944	OtherCostOrOtherBasis
Depreciation	446364	Depreciation
Book Value	669580	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	817435	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
TENANT SECURITY DEPOSITS	$3,662
PREPAID RENTS	$750

Field	Value	IRS element (for citing)
Total Of Amounts	4412	TotalOfAmounts

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	BOARD HAS THE OPPORTUNITY TO REVIEW THE TAX RETURN BEFORE IT IS FILED.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	NO DOCUMENTS AVAILABLE TO THE PUBLIC